E-Trax,Inc What Is the Unit Product Cost for the Year Using

question 85

Multiple Choice

E-trax,Inc.has provided the following financial information for the year: $$\begin{array} { | l | r | } \hline \text { Finished Goods Inventory: } & \\\hline \text { Beginning balance, in units } & 610 \\\hline \text { Units produced } & 2,800 \\\hline \text { Units sold } & \underline { 2,900 } \\\hline \text { Ending balance, in units } & \underline { 510 } \\\hline \text { Production costs: } \\\hline \begin{array} { l } \text { Nariable manufacturing costs per } \\\text { unit }\end{array} & \$ 50 \\\hline \text { Total fixed manufacturing costs } & \$ 42,000 \\\hline\end{array}$$ What is the unit product cost for the year using absorption costing?

• A)$65
• B)$82
• C)$119
• D)$64

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Definitions:

Social Mobility Belief System

The set of beliefs and values about the ability of individuals to move within or between social strata or classes.

Higher-Status Group

A social group considered to possess greater prestige, privileges, or authority within a given context or society.

Social Competition

The rivalry among individuals or groups for resources, status, or power within a society, often influencing social dynamics and interactions.

Dominant Group

A social group possessing institutional power and privileges, exerting control and setting norms for the society as a whole.